CZECHIA: CNB Holds Financial Stability Meeting

• RES 4: $83.02 - 3.000 proj of the Apr 9 - 23 - May 5 price swing
• RES 3: $81.07 - 2.764 proj of the Apr 9 - 23 - May 5 price swing
• RES 2: $79.86 - 2.618 proj of the Apr 9 - 23 - May 5 price swing
• RES 1: $72.89/77.73 - 61.8% of the Jun 23-30 downleg / High Jun 23
• PRICE: $66.88 @ 07:45 BST Aug 12
• SUP 1: $65.53/65.06 - Low Aug 8 / Jun 30 
• SUP 2: $60.96 - Low May 30
• SUP 3: $58.18 - Low May 5
• SUP 4: $57.74 - Low Apr 9 and a key support   

Weakness across Brent futures persists, with fresh pullback lows printed Friday. This extends the spell of weakness posted off the break of $71.40, the 50.0% retracement of the Jun 23 - 50 downleg. A further reversal would refocus attention on key support and the bear trigger at $65.06, the Jun 30 low. A break of this level would resume the recent bearish theme. The next resistance to watch remains $72.89, the 61.8% retracement point.

• RES 4: 6523.63 1.764 proj of the May 23 - Jun 11 - 23 price swing 
• RES 3: 6500.00 Round number resistance
• RES 2: 6477.31 1.618 proj of the May 23 - Jun 11 - 23 price swing
• RES 1: 6468.50 High Jul 31 and the bull trigger      
• PRICE: 6406.50 @ 07:35 BST Aug 12
• SUP 1: 6240.03 2.0% 10-dma Envelope
• SUP 2: 6239.50 Low Aug 1
• SUP 3: 6230.96 50-day EMA
• SUP 4: 6213.75 50% retracement of Jun - Aug Upleg

Prices recovered well Friday, meaning the bulk of the bounce off the NFP low is holding firm, keeping the underlying uptrend intact for now. The index holds above support at the 20-day EMA, at 6349.16. Through recent phases of weakness, the 50-day EMA at 6230.96, has held as support - and will be important on any intraday declines. Clearance of this average is required to signal a stronger reversal. The primary trend remains up, leaving key short-term resistance and the bull trigger at 6468.50, the Jul 31 high.

RXV5 126.50/125.50/125.00 broken put ladder, bought for 4 in 1k.